Used Vehicle Financing – Lender Profiles and Loan Minimum requirements

Generally the range of FICO accepted ranges from 650 to as low as 500 offered by a few select vendors. The lower your FICO, the more the end user can expect to put down as a deposit, and will pay a higher APR.

finance luxury vehicles too...

finance luxury vehicles too…

This schedule give you a “real time” snapshop of available Loan Packages. From looking thru, you will get a good feel for if your customer (the end user) can qualify for a vehicle…and if the vehicle qualifies the loan. Take a look and see if things make sense…then give me holla and I will put you in direct contact with my local person (who is located just 10 minutes drive from my Lawrenceville, Ga office)

Lender SnapShot – Example #1  Minimum FICO 650 2000 minimum monthly income Loans from 7000 to 40,000 2012 or newer Needs cust email Open Car Loan considered Bankruptcy must be dismissed 2 yr

Lender SnapShot – Example #2  Fico 650 1800 minimum monthly income 10000 Minimum financed 2011 and newer SUV/Pick ups 2013 and newer cars Up to 110000 miles SUV/Pick ups Up to 75000 miles cars Down payment required Bankruptcy must be dismissed 1year

Lender SnapShot – Example #3  Fico 650 2000 minimum monthly income From 10000 to 250000 2013 and newer 50000 miles and less No fees or discounts Bankruptcy must be discharge 1 year

Lender SnapShot – Example #4  Fico 650  1200 minimum monthly income 2000 Minimum financed 12500 max finance 1999 and newer Up to 175,000 miles Discounts from 20 and up Bankruptcy must be dismissed 1 year

Lender SnapShot – Example #5  Fico 650 Rates start at 18% 1800 minimum monthly income 4000 Minimum amount financed 25000 Max Finance Bank Fees from 0 to 399.00 First Time Buyer 17.5k Max program Bankruptcy must be dismissed 18 months Dealer Sign up before submitting

Lender SnapShot – Example #6  Fico 650 10 years or newer 125k Max Mileage 145% of NADA Clean Trade Discounts 15-30% 1800 Minimum Income 20000 max loan
Lender SnapShot – Example #7  Fico 650  2500 minimum monthly income From 12000 to 200000 100k or fewer miles 2013 and up No prior repo or settled auto accounts Bank Fee 195

Lender SnapShot – Example #8  Fico 650 2000 minimum monthly income From 7500 to 250000 2005 and newer 99000 miles and less No fees or discounts to Dealer Bankruptcy must be discharge 1 YEAR

Lender SnapShot – Example #9  Fico 650 900 minimum monthly income 4000 minimum amount financed 2001 and newer Up to 125000 miles Discounts from 500 to 20% Bankruptcy must be discharged 1 year Geographic restriction can apply.

Lender SnapShot – Example #10  MILITARY ONLY 

Minimum FICO 500 1000 minimum monthly income Minimum financed amount 4000 2002 and newer Up to 89000 miles Bankruptcy must be discharged 1 year

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